Resumé
| Originalsprog | Engelsk |
|---|---|
| Tidsskrift | Research in Economics |
| Vol/bind | 57 |
| Udgave nummer | 1 |
| Sider (fra-til) | 53–64 |
| ISSN | 1090-9443 |
| DOI | |
| Status | Udgivet - 2003 |
| Udgivet eksternt | Ja |
Emneord
- Collusion
- Product differentiation
- Stick-and-carrot
Citer dette
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A Note on the Stability of Collusion in Differentiated Oligopolies. / Østerdal, Lars Peter.
I: Research in Economics, Bind 57, Nr. 1, 2003, s. 53–64.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review
TY - JOUR
T1 - A Note on the Stability of Collusion in Differentiated Oligopolies
AU - Østerdal, Lars Peter
PY - 2003
Y1 - 2003
N2 - Stability of collusion in differentiated oligopolies is studied without symmetry restrictions on the available strategies. It is demonstrated that if the number of firms is sufficiently large, two-phase stick-and-carrot punishment schemes apply at the highest possible discount rate with respect to collusion on the joint profit-maximizing output. If stick-and-carrot punishment schemes are used, collusive stability of the joint profit-maximizing output improves monotonically with the degree of product differentiation. The conclusions contrast with those obtained by Wernerfelt [Economics Lett. 29 (1989) 303].
AB - Stability of collusion in differentiated oligopolies is studied without symmetry restrictions on the available strategies. It is demonstrated that if the number of firms is sufficiently large, two-phase stick-and-carrot punishment schemes apply at the highest possible discount rate with respect to collusion on the joint profit-maximizing output. If stick-and-carrot punishment schemes are used, collusive stability of the joint profit-maximizing output improves monotonically with the degree of product differentiation. The conclusions contrast with those obtained by Wernerfelt [Economics Lett. 29 (1989) 303].
KW - Collusion
KW - Product differentiation
KW - Stick-and-carrot
KW - Collusion
KW - Product differentiation
KW - Stick-and-carrot
UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=954922651195&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes
U2 - 10.1016/S1090-9443(02)00055-8
DO - 10.1016/S1090-9443(02)00055-8
M3 - Journal article
VL - 57
SP - 53
EP - 64
JO - Research in Economics
JF - Research in Economics
SN - 1090-9443
IS - 1
ER -